Brief: Futong Technology Development Received Notice From IBM For Termination Of Agreements Between IBM & Members Of Group

Futong Technology Development Holdings

24/03/2020 15:13

March 24 (Reuters) - Futong Technology Development Holdings
Ltd  0465.HK :
    * RECEIVED NOTICE FROM IBM FOR TERMINATION OF AGREEMENTS
BETWEEN
IBM & MEMBERS OF GROUP FROM AROUND LATE MAY TO EARLY JUNE
    * POST TERMINATION GROUP NO LONGER ELIGIBLE TO ENGAGE IN
BUSINESS
ACTIVITIES OF IBM PRODUCTS AS IBM BUSINESS PARTNER
    * TERMINATION TO NOT AFFECT ORDERS/CONTRACTS ENTERED INTO
WITH IBM
BEFORE EFFECTIVE DATE OF TERMINATION
    * GROUP WILL NO LONGER BE ELIGIBLE TO ENGAGE IN BUSINESS
ACTIVITIES OF IBM PRODUCTS AND SERVICES


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